Coleman house to be auctioned today

[Bmac]

So would you consider buying a house where people were murdered if you could get a great deal on it?

Not sure I could live there no matter how cheap it was.

[Art Vandelay]

So would you consider buying a house where people were murdered if you could get a great deal on it?

Not sure I could live there no matter how cheap it was.

I dare you to go spend a night in there this weekend. All by yourself.

[TyWebb]

I wouldn't have a problem with it.

[Bryan]

Hell no. The neighbors want it to be demolished and put a little park in there. Sounds like a much better idea than the auction.

[beercats2000]

I wouldn't have a problem with it.

It would bother me.....

Hell no. The neighbors want it to be demolished and put a little park in there. Sounds like a much better idea than the auction.

..but I agree more with this.

[Poor Wiggum]

whats the story behind this coleman house, other than someone was apparently murdered there?

[beercats2000]

whats the story behind this coleman house, other than someone was apparently murdered there?


Nothing. A fucking lunatic strangled his wife and 2 young sons to death, so he could go fuck a stripper in Florida.

[Bryan]

whats the story behind this coleman house, other than someone was apparently murdered there?

Apparently? A husband murdered his wife and 2 kids there.

[Chappy Sinclair]

somebody murdered Garry Coleman?

[Poor Wiggum]

Nothing. A fucking lunatic strangled his wife and 2 young sons to death, so he could go fuck a stripper in Florida.
oh, didn't that happen in columbia, il?

[beercats2000]

oh, didn't that happen in columbia, il?


Yeah, um, that's the house we are talking about.

[Art Vandelay]

PW, get yourself a cup of coffee.

[Luca Toni]

It's a pretty nice house that backs up to a lake. My friend lives a couple houses down from them and they were friends with Chris and Sherri...

It backs up to a pretty impressive lake and the neighborhood is great...

One problem is that you have to buy it "as is" - no inspection can be done inside the house but from the window you can see the writing that the psycho fuck sprayed on the wall....

[Apollo Creed]

Whoever buys that house and actually lives there will have a whole shitload of neighbors that hate him/her for not letting them build that park.

[Deega13]

if it was actually dirt cheap, id buy it, but i wouldnt live there, id hold on to it for 3 or 4 years then sell it...

[Master Splinter]

So would you consider buying a house where people were murdered if you could get a great deal on it?

Not sure I could live there no matter how cheap it was.

Absolutely!

-Cheezy and Arob

http://www.creativescreenwriting.com/csdaily/csdart/images/2004-11-Nov/Kingdom%20Hospital%20-%20Creepy%20ass%20little%20girl%20(200w).jpg

[blazedays]

Whoever buys that house and actually lives there will have a whole shitload of neighbors that hate him/her for not letting them build that park.

This. If you like being hated by your neighbors: go right ahead and bid.

[Bmac]

Absolutely!

-Cheezy and Arob

http://www.creativescreenwriting.com/csdaily/csdart/images/2004-11-Nov/Kingdom%20Hospital%20-%20Creepy%20ass%20little%20girl%20(200w).jpg

HA, you would think by now that little girl in their house would be making some moves. Orchestrating some haunting or something.

[Master Splinter]

I'd rather keep the ghosts pinned up inside their old house and let the new owners deal with it. I don't need them out on some playground, messing with my kids and the possibility that they'll wander over to my yard.

[TyWebb]

If someone bought the house and was just a normal, friendly neighbor, you guys really think that the other people there would give that family trouble?

[beercats2000]

If someone bought the house and was just a normal, friendly neighbor, you guys really think that the other people there would give that family trouble?


I think they'd be cold at first. I think they'd eventually get over it, but who knows.

[Apollo Creed]

I think they'd be cold at first. I think they'd eventually get over it, but who knows.

I agreee 100%.

[bill s preston esq]

according to the 2Fox, the house is starting somewhere around $247K, if i heard correctly.

[Bmac]

according to the 2Fox, the house is starting somewhere around $247K, if i heard correctly.

pffft....Columbia, Ill isn't that nice.

[beercats2000]

according to the 2Fox, the house is starting somewhere around $247K, if i heard correctly.

Ah, so it's like a rare collectors item....

pffft....Columbia, Ill isn't that nice.

Better than Norco.

[TyWebb]

according to the 2Fox, the house is starting somewhere around $247K, if i heard correctly.

Well fuck that noise. The only way it's worth it is if you get bargain bin prices.

[Brad G.]

according to the 2Fox, the house is starting somewhere around $247K, if i heard correctly.


No way. Nice house, but even with Columbia's inflated prices it's only worth $200-220k.

I wouldn't be suprised if a local Columbia business or even the city bid on it and did what the community wants done with it - demolish it.

[Bmac]

Ah, so it's like a rare collectors item....



Better than Norco.

no argument here

still priced too high for that house

[Master Splinter]

I think they'd be cold at first. I think they'd eventually get over it, but who knows.

I don't see any reason why they would be cold to the people. It's not like those people buying it, made the decision to not allow a park to be built.

[beercats2000]

I don't see any reason why they would be cold to the people. It's not like those people buying it, made the decision to not allow a park to be built.


Not saying I agree with them, I just think it would happen.

[Apollo Creed]

I don't see any reason why they would be cold to the people. It's not like those people buying it, made the decision to not allow a park to be built.

But if nobody places an acceptable bid on it, then they would have a better chance of possibly getting what they want.

That would be their thinking of course, not mine.

[Luca Toni]

I think the house will go for 170....

Nobody is going to pay over 200 without an inspection imo...

[The Todd Bridges Army]

A few years ago my buddy and his girlfriend bought a house in Bend, Oregon. They had it appraised and it was valued at 350k but was on the market for only 110k. This house was fucking insane and had all new everything so they bought it. A month later my buddy was talking to the mailman out in his driveway..thats when the mailman informed him that a family of 12 had lived there (mom,dad, grandmother, and 9 kids). The dad went crazy and held them captive for months then decided to torture then kill them. He cut all their heads,arms, legs etc. off and the police said that there was evidence that he had started consuming them.

My buddy didnt seem to care. And as long as it wasnt haunted, neither would I.

[Apollo Creed]

I think the house will go for 170....

Nobody is going to pay over 200 without an inspection imo...

Are we placing bets? I'll take the over.

[Master Splinter]

A few years ago my buddy and his girlfriend bought a house in Bend, Oregon. They had it appraised and it was valued at 350k but was on the market for only 110k. This house was fucking insane and had all new everything so they bought it. A month later my buddy was talking to the mailman out in his driveway..thats when the mailman informed him that a family of 12 had lived there (mom,dad, grandmother, and 9 kids). The dad went crazy and held them captive for months then decided to torture then kill them. He cut all their heads,arms, legs etc. off and the police said that there was evidence that he had started consuming them.

My buddy didnt seem to care. And as long as it wasnt haunted, neither would I.

If a house is going to be haunted, which you seem to believe in, don't you think that's a prime spot?

[Master Splinter]

I think the house will go for 170....

Nobody is going to pay over 200 without an inspection imo...

I'd like to see a picture of this house, if there is one.

[The Todd Bridges Army]

If a house is going to be haunted, which you seem to believe in, don't you think that's a prime spot?

Possibly. I dont think he's experienced anything though.

[Bmac]

I'd like to see a picture of this house, if there is one.

http://www.ksdk.com/genthumb/genthumb.ashx?e=3&h=240&w=320&i=/assetpool/images/100503105751_050310_colemanhouse_2.jpg

[Midnight]

I think the house will go for 170....

Nobody is going to pay over 200 without an inspection imo...

Are we placing bets? I'll take the over.

If it's the subdivision I think it is, that house is worth like $185k if no one was murdered there. I don't see how they will get anywhere near what they have in it - which is $229k.

I understand that is about what is owed, but it's far more than market value even if people hadn't been killed there.

I think someone would be out of their mind if they paid more than $150k for it.

[bill s preston esq]

Today, Wells Fargo Bank, which holds the mortgage, says he owes $229,673.69, plus interest. The bank, which declined comment for this story, obtained a default judgment for a foreclosure sale. By Illinois statute, the property will be sold "as is," and is not open for inspection.

i see midnight beat me to it.

[Brad G.]

I'd like to see a picture of this house, if there is one.



http://images.stltoday.com/stltoday/resources/murd625may7.jpg

[llg]

what did he put on the walls that you can read?

[Brad G.]

what did he put on the walls that you can read?

"Punished" and "Whore Paid"

[blazedays]

If it's the subdivision I think it is, that house is worth like $185k if no one was murdered there. I don't see how they will get anywhere near what they have in it - which is $229k.

I understand that is about what is owed, but it's far more than market value even if people hadn't been killed there.

I think someone would be out of their mind if they paid more than $150k for it.

This. Didn't he buy it in 2005 at the height of the stupid market?

what did he put on the walls that you can read?

He did some shit to make it look like his family was killed because of hatred for his boss, Joyce Meyers.

But I was also under the impression vandals had made a couple of runs through the house; tearing shit up.

[llg]

"Punished" and "Whore Paid"

why?

[Master Splinter]

http://www.ksdk.com/genthumb/genthumb.ashx?e=3&h=240&w=320&i=/assetpool/images/100503105751_050310_colemanhouse_2.jpg

Hmmm....looks average. I'd go with Midnight and say it looks to be around a $180k house.

what did he put on the walls that you can read?

I don't know, but I'd leave it up and make that a guest room. It would totally be worth it everytime you brought your guests in, just to see the looks on their face when you tell them that's where they'll be sleeping.

[Hoofbite]

Is there an address for this house? I want to see the lake

[Brad G.]

Hmmm....looks average. I'd go with Midnight and say it looks to be around a $180k house.





It would be, in anywhere but Columbia. Their house prices are much higher for some reason. You couldn't buy a 100-year-old 2 bed, 1 bath for less than $140k there.

[bill s preston esq]

http://images.stltoday.com/stltoday/resources/murd_625may02.jpg

[Master Splinter]

http://images.stltoday.com/stltoday/resources/murd_625may02.jpg

Yeah! Leave that shit up. Decorate around that with Halloween shit.

[blazedays]

Hmmm....looks average. I'd go with Midnight and say it looks to be around a $180k house.

But it's on a huge lot and backs up to a pond.

However I think it's one of those shittily built McBride houses.

[llg]

what a pyscho path, did they ever been believe it was anyone but him? also, why would they have not killed him, what was his reasoning?

[Luca Toni]

It's not a huge lot imo...

The backyard is probably 30 feet and then the pond/lake is right there...

[Bryan]

what a pyscho path, did they ever been believe it was anyone but him? also, why would they have not killed him, what was his reasoning?

no. he thought he had an elaborate "perfect crime" set up. But detectives knew it was him right away.

[bill s preston esq]

what a pyscho path, did they ever been believe it was anyone but him? also, why would they have not killed him, what was his reasoning?

he was already gone...to the gym iirc.

[The Todd Bridges Army]

http://www.google.com/mapdata?CxU8DEsCHaJdn_ogIQwtPAxLAjWiXZ_6QI4CSLkBUg JVU5ABAsoBAmVu

[llg]

god, imagine what his kids were thinking while their father was killing them.
i hope he did the wife first, so she didn't have to watch her kids die.

what an awful story. i would not buy that house, no matter how cheap it was.

[Bmac]

what a pyscho path, did they ever been believe it was anyone but him? also, why would they have not killed him, what was his reasoning?

he hasn't gone to trial yet

[Hoofbite]

That looks like a splendid lake

[Luca Toni]

what a pyscho path, did they ever been believe it was anyone but him? also, why would they have not killed him, what was his reasoning?

They knew it was him from the beginning.

The window in the back was taken out....something that could only be done from the inside....

The yard was just cut but the detectives did not see any grass clippings in the house where he said somebody broke in...

He had marks on his arms indicating a struggle and conflicting stories when they asked him about it...

They found where me made the threatening letters on his old computer hard drive...

He said they were asleep when he left for the gym but rigormortis (sp?) has already set in...something that takes hours...

There's a lot more. This is a slam dunk case...

[Mozer4]

god, imagine what his kids were thinking while their father was killing them.
i hope he did the wife first, so she didn't have to watch her kids die.

what an awful story. i would not buy that house, no matter how cheap it was.

Ya, much better for two little kids to watch their mom die.

[Master Splinter]

no. he thought he had an elaborate "perfect crime" set up. But detectives knew it was him right away.

These people and their "perfect crimes". I ought to hire myself out to aspiring criminals. I won't help in the crime process, but they can tell me their whole thought out plan and I'll give them a simple Yes or No answer on whether it is indeed a perfect crime.

[Brad G.]

Is there an address for this house? I want to see the lake

http://imgur.com/wXEHA.jpg

[llg]

Ya, much better for two little kids to watch their mom die.

Oh, yeah.

Man, what a piece of work this guy was.

[Apollo Creed]

what a pyscho path, did they ever been believe it was anyone but him? also, why would they have not killed him, what was his reasoning?

Where were you a year ago when this all happened?

[Hoofbite]

http://imgur.com/wXEHA.jpg

That's a nice little cove.


Yes, I'm an insensitive prick

[Midnight]

This. Didn't he buy it in 2005 at the height of the stupid market?
.
Yep, for $212k.

It would be, in anywhere but Columbia. Their house prices are much higher for some reason. You couldn't buy a 100-year-old 2 bed, 1 bath for less than $140k there.

This is still true to an extent, but they have come down to earth - a bit.

I will also say that I don't know that side of the river *real* well....

[cards_252]

That's a nice little cove.


Yes, I'm an insensitive prick



You should be ashamed.

Check out that point to the right.

[The Todd Bridges Army]

That's a nice little cove.


Yes, I'm an insensitive prick

I'll go halvsies with you. We need to get a dock put in if it doesnt have one.

[Luca Toni]

Brad G - I think you're one house off with that pic...

Edit...not sure....

You might be right...

[Brad G.]

Brad G - I think you're one house off with that pic...

My buddy lives one street over. I'm pretty sure that's it.

[Hoofbite]

You should be ashamed.

Check out that point to the right.Ha! I wonder how deep it gets

I'll go halvsies with you. We need to get a dock put in if it doesnt have one.

I didn't see any other docks in the picture; I wonder if they allow them

[Luca Toni]

I didn't see any other docks in the picture; I wonder if they allow them


I'm pretty sure I've seen them...

[Cheezy E]

I would not. There are plenty of houses out there. Even if it's not haunted, there's got to be some kind of bad energy or juju in that place.

[Luca Toni]

My buddy lives one street over. I'm pretty sure that's it.

Yeah...you're right. The driveway is on the left side of the house...

[cards_252]

There appears to be a couple of small dpcks in that picture.

Here's the key: Floating dock. The kind that you can put a trolling motor on and get around the lake with.

[J Chiz]

A few years ago my buddy and his girlfriend bought a house in Bend, Oregon. They had it appraised and it was valued at 350k but was on the market for only 110k. This house was fucking insane and had all new everything so they bought it. A month later my buddy was talking to the mailman out in his driveway..thats when the mailman informed him that a family of 12 had lived there (mom,dad, grandmother, and 9 kids). The dad went crazy and held them captive for months then decided to torture then kill them. He cut all their heads,arms, legs etc. off and the police said that there was evidence that he had started consuming them.

My buddy didnt seem to care. And as long as it wasnt haunted, neither would I.


I find it hard to believe that your buddy would have never heard of this mass murder which included torturing and cutting off of limbs occuring in the house that he was looking at buying.

[blazedays]

Yep, for $212k.

This is still true to an extent, but they have come down to earth - a bit.

I will also say that I don't know that side of the river *real* well....

But didn't Columbia recently crank up the zoning laws real tight? Like anything new has to have a ton of brick and lot size requirements for new homes are pretty big?

[The Todd Bridges Army]

Ha! I wonder how deep it gets



I didn't see any other docks in the picture; I wonder if they allow them

Using Google Earth it shows that there are around 8 docks.

I wonder what the hp limit on the lake is?

[Hoofbite]

There appears to be a couple of small dpcks in that picture.

Here's the key: Floating dock. The kind that you can put a trolling motor on and get around the lake with.

You're right. I'd be sinking a few Xmas trees when no one was looking

[cards_252]

I find it hard to believe that your buddy would have never heard of this mass murder which included torturing and cutting off of limbs occuring in the house that he was looking at buying.

Ha. Yeah.

[Hoofbite]

Using Google Earth it shows that there are around 8 docks.

I wonder what the hp limit on the lake is?

I bet it's electric motor only, no more than 30-40 hp would be my guess

[Cheezy E]

I heard that if someone is murdered in a house you're looking to buy, and you ask the agent, they're required to disclose it if they know about it. Is that true?

[Brad G.]

But didn't Columbia recently crank up the zoning laws real tight? Like anything new has to have a ton of brick and lot size requirements for new homes are pretty big?

Yep. They want to avoid the "sea of vinyl" like St. Charles County. They think they're pretty highbrow over there for having a trailer park on Main Street.

/Columbia High School Class of 1997

[Luca Toni]

I heard that if someone is murdered in a house you're looking to buy, and you ask the agent, they're required to disclose it if they know about it. Is that true?

I heard in Illinois they don't have to...

Not sure if it's true or not....

[Bryan]

But didn't Columbia recently crank up the zoning laws real tight? Like anything new has to have a ton of brick and lot size requirements for new homes are pretty big?

Yeah. I believe all new homes require 75% brick, not sure about size requirements. I think Waterloo tried the same thing but it got rejected.

[The Todd Bridges Army]

I find it hard to believe that your buddy would have never heard of this mass murder which included torturing and cutting off of limbs occuring in the house that he was looking at buying.

He had never lived in Bend before and neither had his girlfriend. And if Im not mistaken the house had been on the market for years, so it's not like the smell of rotting flesh was still in the air when he bought it.

[Cheezy E]

He had never lived in Bend before and neither had his girlfriend. And if Im not mistaken the house had been on the market for years, so it's not like the smell of rotting flesh was still in the air when he bought it.

If a house is on the market for that long and is that cheap, you know something's up.

[The Todd Bridges Army]

If a house is on the market for that long and is that cheap, you know something's up.

Pretty much...but sometimes you ust gotta go for it.

http://chud.com/articles/content_images/5/amityvillehorror.jpg

[Belle]

no way would i buy that house. even if it got down to like 100 thousand and i wasn't going to live in it. that is jut some bad energy coming someone's way.

[Apollo Creed]

no way would i buy that house. even if it went up to like 800 thousand, I wouldn't live in a house that cheap.

.

[blazedays]

Yeah. I believe all new homes require 75% brick, not sure about size requirements. I think Waterloo tried the same thing but it got rejected.

That's what I thought. A sister-in-laws father was all excited about the new Columbia zoning and wouldn't shut up about it at Christmas dinner last year. I wasn't listening fully but he raved about it for around 30 minutes. He kept going on and on about how it will make the town better. I had to laugh because he lives not far from the Coleman place in a house with 100% vinyl siding.

Now he's all worked up about trying to prevent Illinois 158 from being turned into a 5+ lane freeway.

[Brad G.]

Now he's all worked up about trying to prevent Illinois 158 from being turned into a 5+ lane freeway.

He must be that guy driving 40 in the 55 with no chance of passing everytime I take 158 from Columbia to Belleville.

[Apollo Creed]

He must be that guy driving 40 in the 55 with no chance of passing everytime I take 158 from Columbia to Belleville.

I want to drive into a tree everytime I take 158 in that direction because there is always one of those guys on the road.

[Uncle Jesse]

That's what I thought. A sister-in-laws father was all excited about the new Columbia zoning and wouldn't shut up about it at Christmas dinner last year. I wasn't listening fully but he raved about it for around 30 minutes. He kept going on and on about how it will make the town better. I had to laugh because he lives not far from the Coleman place in a house with 100% vinyl siding.

Now he's all worked up about trying to prevent Illinois 158 from being turned into a 5+ lane freeway.

Fuck those people. They all want progress but "not in my back yard" open up 158. It means a lot of work for my family members in the trades.

[Brad G.]

I want to drive into a tree everytime I take 158 in that direction because there is always one of those guys on the road.

Probably be faster. Of course, the ambulance might get stuck behind the same guy.

[Deega13]

I heard in Illinois they don't have to...

Not sure if it's true or not....

i thought full disclosure was national

[Cheezy E]

Bend is a gorgeous area, I'd live in a mass murder house there if I could get it cheap.

What if the house made you want to kill your wife? Wait...nevermind.

[The Todd Bridges Army]

Bend is a gorgeous area, I'd live in a mass murder house there if I could get it cheap.

That's why he jumped on it...considering how fucking expensive houses in Bend are.

And I understand why people would be freaked out by living in a murder house, but what about all the other stuff people do in their homes that you dont know about? What happens when Wad puts his house up on the market, you buy it, and then find out later he sodomized kittens in the attic?

[Midnight]

I heard that if someone is murdered in a house you're looking to buy, and you ask the agent, they're required to disclose it if they know about it. Is that true?
If the agent is directly asked and they have knowledge of it, they have to disclose it.


Yeah. I believe all new homes require 75% brick, not sure about size requirements. I think Waterloo tried the same thing but it got rejected.
75% brick or stone cladding


i thought full disclosure was national

I'm pretty sure California is the only state that a death in the house has to be disclosed. And that's only if it happened within three years.

The best course of action is to disclose everything.

[beercats2000]

Fuck those people. They all want progress but "not in my back yard" open up 158. It means a lot of work for my family members in the trades.


I agree that 158 needs to be opened up. That would connect the Troy Ofallon area to B'ville and Columbia/Waterloo SO much better. Right now it's a pain in the ass.

[blazedays]

I agree that 158 needs to be opened up. That would connect the Troy Ofallon area to B'ville and Columbia/Waterloo SO much better. Right now it's a pain in the ass.

Apparently there's a bunch of angry old people in the Columbia area that don't want that shit. That's why they got super tight ass on the zoning and are resisting highway and other construction. They want to keep Columbia a small town and not make it a suburb.

It's this same NIMBY thinking the reason that Missouri Highway 141 goes to 2 lanes at St. Lukes Hospital and ends at Olive. They've been talking about expanding that since I was a little kid a 1000 years ago.

[st. louisville cards]

I'd live there. You can put a fern over any blood stains.

In all seriousness my house has a history and I got it for around 30% cheaper than comparables. Crime pays...for me...as long as I'm not the one committing the crime.

[Master Splinter]

I'd live there. You can put a fern over any blood stains.

In all seriousness my house has a history and I got it for around 30% cheaper than comparables. Crime pays...for me...as long as I'm not the one committing the crime.

What went down in there?

[st. louisville cards]

What went down in there?

I've had different accounts as to whether crimes were committed at the house or at another location, but the person living there plead guilty, so he dumped the house cheap the week before pleading and going to prison.

[Littie]

Sold!!

http://www.bnd.com/2010/05/25/1269590/bank-buys-coleman-family-home.html

[Tyler]

I've had different accounts as to whether crimes were committed at the house or at another location, but the person living there plead guilty, so he dumped the house cheap the week before pleading and going to prison.

Just what type of crimes?

[st. louisville cards]

Just what type of crimes?

No one died....except for a 9-year old's innocence.

[Cheezy E]

Speaking of which, the Amityville house is on sale for 1.15 million:

http://www.huffingtonpost.com/2010/05/25/amityville-horror-house-o_n_588412.html

[flatlander]

Those stop158.org guys. The worst.

[cards_252]

No one died....except for a 9-year old's innocence.

You live in BHR's old house?

[The Ice]

If it's the subdivision I think it is, that house is worth like $185k if no one was murdered there. I don't see how they will get anywhere near what they have in it - which is $229k.

I understand that is about what is owed, but it's far more than market value even if people hadn't been killed there.

I think someone would be out of their mind if they paid more than $150k for it.

Sold!!

http://www.bnd.com/2010/05/25/1269590/bank-buys-coleman-family-home.htmlWha' Happened??!

Where were you a year ago when this all happened?good question.

[Brad G.]

Amityville Horror House For Sale! (http://nerdbastards.com/2010/05/26/amityville-horror-house-for-sale-oh-wow-everything-is-so-omg-wtf-is-that/)


http://www.travelihub.com/wp-content/uploads/2010/03/Amityville-Horror-House1.jpg



“A beautiful 1927 colonial-style waterfront home with 5 bedrooms, 3 and a half baths, and a ton of history behind it in Long Island can be yours for as little as $1,150,000. The home has had many owners, some more notorious than others.”

"The home gained its notoriety when Ronald DeFeos killed six family members while they were sleeping in 1974 and subsequent owners George and Kathleen Lutz claimed to be haunted for 28 days, which were detailed in the book “The Amityville Horror” (on the cover: “This book will scare the hell out of you”—Kansas City Star). However, James Cromarty, who lived in the house after the Lutzes were foreclosed upon, “Nothing weird ever happened, except for people coming by because of the book and the movie.”

[Cheezy E]

Ha. "tons of history behind it."

[blazedays]

Wha' Happened??!

The holder of the mortgage boguth it. I assume that way they can get in, renovate it and try to get something back.

[Midnight]

Wha' Happened??!

good question.

The holder of the mortgage boguth it. I assume that way they can get in, renovate it and try to get something back.

No one bid on the house, so Wells Fargo "bought" it back.

[blazedays]

No one bid on the house, so Wells Fargo "bought" it back.

But is it safe to assume W-F purchased the house so they could fix it up and try to resell it? It sounds like the place was sealed until this sale occured and nothing could be done until someone showed up with some money.

[Midnight]

But is it safe to assume W-F purchased the house so they could fix it up and try to resell it? It sounds like the place was sealed until this sale occured and nothing could be done until someone showed up with some money.

extremely doubtful.

[Apollo Creed]

But is it safe to assume W-F purchased the house so they could fix it up and try to resell it? It sounds like the place was sealed until this sale occured and nothing could be done until someone showed up with some money.

I don't think there are very many banks in the business of rehabbing homes.

[blazedays]

extremely doubtful.

So why would they buy it? For shits and grins?

I don't think there are very many banks in the business of rehabbing homes.

They wouldn't at least hire someone repaint the walls?

[Apollo Creed]

So why would they buy it? For shits and grins?



They wouldn't at least hire someone repaint the walls?

I'm sure this will be followed by a Wrong from Midnight, but...

Was this just some type of formality for them to get the house back since I'm sure there were no taxes or anything else paid on it recently and someone would pretty much have had to bid more than what is owed on the property to get it.

Then now they will list it as an "as-is" property and sell it, like any other foreclosure.

EDIT: It just wouldn't make any sense for them to pay someone to fix it up and then resell, because even then they won't get back what they are owed on it now...not to mention what they will have to pay someone to fix it up.

[Apollo Creed]

They wouldn't at least hire someone repaint the walls?

They may do that, but I wouldn't consider that "fixing it up".